CME Group US Monthly Weather Cooling Degree Day

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U.S. Monthly Weather Cooling Degree Day futures
Exchange CME Group
Settlement Cash settled
Contract Size $20 times the Cooling Degree Day Index
Pricing Unit 1 point = 1.00 Degree Day Index = $20.00
Tick Value 1.00 = $20
Contract Months May, Jun, Jul, Aug, Sep
Last Trading Day Two business days following the contract period.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Sunday 5:00 p.m. - Friday 3:15 p.m.

Daily trading halts 3:15 p.m. - 5:00 p.m., Last Trading Day - 9:00 a.m.

Ticker Symbol N/A
  • K1=Atlanta
  • K2=Chicago
  • K3=Cincinnati
  • K4=New York
  • K5=Dallas
  • K6=Philadelphia
  • K7=Portland
  • K8=Tucson
  • K9=Des Moines
  • K0=Las Vegas
  • KK=Detroit
  • KQ=Minneapolis
  • KR=Houston
  • KS=Sacramento
  • KU=Salt Lake City
  • KV=Baltimore
  • KW=Boston
  • KX=Kansas City
  • A3=Colorado Springs
  • A0=Jacksonville (A-Zero)
  • AT=Little Rock
  • AH=Los Angeles (USC Campus)
  • AK=Raleigh Durham
  • AU=Washington DC (Reagan)
Price Limits N/A 50 index points (plus or minus) around "CME Last Price", equating to a maximum exposure of $5,000 per contract. (implemented April 28, 2002)
 
U.S. Monthly Weather Cooling Degree Day options
Trade Unit One futures contract
Point Value 1 point = 1.00 Degree Day Index = $20
Tick Value Regular 1.00=$20.00; Cabinet 0.50=$10.00
Option Months May, Jun, Jul, Aug, Sep
Strike Prices All listed intervals
Exercise Style European
  Open Outcry No Electronic Market
Trading Hours Mon/Fri 8:30 a.m. to 3:15 p.m. (CST) Last Trading Day (9:00 a.m.) N/A
Ticker Symbol
  • K1=Atlanta
  • K2=Chicago
  • K3=Cincinnati
  • K4=New York
  • K5=Dallas
  • K6=Philadelphia
  • K7=Portland
  • K8=Tucson
  • K9=Des Moines
  • K0=Las Vegas
  • KK=Detroit
  • KQ=Minneapolis
  • KR=Houston
  • KS=Sacramento
  • KU=Salt Lake City
  • KV=Baltimore
  • KW=Boston
  • KX=Kansas City
  • A3=Colorado Springs
  • A0=Jacksonville (A-Zero)
  • AT=Little Rock
  • AH=Los Angeles (USC Campus)
  • AK=Raleigh Durham
  • AU=Washington DC (Reagan)
N/A
Price Limits None N/A


Also See

CME Group weather products

Resources

CME Group Web site

US Monthly Weather Cooling Degree Day (CDD) Contract Specs

CME Group Weather Products

Weather product Codes

References